Press Releases
Marcus & Millichap Brokers Fully Approved Development Site in Plainfield, New Jersey
September 14, 2026
PLAINFIELD, N.J., Sept. 14, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 314 E. 4th St., a development site in Plainfield, New Jersey. The sale was structured contingent upon municipal approvals, which were ultimately secured for a five-story, 68-unit multifamily building.
Jonathan Zamora, senior director investments in Marcus & Millichap’s New Jersey office exclusively marketed the property, leveraging the firm’s marketing process and relationships across the region's development community to generate strong interest from a wide pool of prospective developers. The process drove multiple competitive offers, with the property ultimately going to an established developer with a proven footprint in the market.
The project sits on roughly a half-acre site in downtown Plainfield and includes ground-floor commercial space along with 51 parking spaces. Planned resident amenities include a lounge, a fitness center, a second-floor business center, a third-floor courtyard, and a 2,800-square-foot rooftop area.
The development site is located near the Plainfield train station, placing it within commuting distance of both Newark and New York City.
Jonathan Zamora, senior director investments in Marcus & Millichap’s New Jersey office exclusively marketed the property, leveraging the firm’s marketing process and relationships across the region's development community to generate strong interest from a wide pool of prospective developers. The process drove multiple competitive offers, with the property ultimately going to an established developer with a proven footprint in the market.
The project sits on roughly a half-acre site in downtown Plainfield and includes ground-floor commercial space along with 51 parking spaces. Planned resident amenities include a lounge, a fitness center, a second-floor business center, a third-floor courtyard, and a 2,800-square-foot rooftop area.
The development site is located near the Plainfield train station, placing it within commuting distance of both Newark and New York City.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
